FDI对东道国通货膨胀影响分析--基于中国的实证研究

Analysis on the Influences of FDI to the Inflation of Host Country——Base on the Positive Research of China

构建基于外商直接投资与通货膨胀的模型,运用Johansen协整检验、Granger因果检验以及脉冲响应函数等方法,检验外商直接投资对我国通货膨胀的影响。研究表明,外商投资与通货膨胀存在长期协整关系;外商直接投资是通货膨胀的原因;外商直接投资变动率能在较短的时间内对通货膨胀产生冲击,并且时滞较长,而外商投资企业工资率的改善和劳动力的变动对通货膨胀的冲击的强度弱一点。最后文章提出了简要的政策建议。

Through constructing the model including FDI and inflation, using Johansen cointegra- tion test, Grange causality test and impulse response function, this paper analyzes the influence of FDI to inflation. The results show that： there is stable equilibrium relationship between them; FDI is the important reason of inflation; the fluctuation rate of FDI can strike the inflation in a short time and have longer delay, however, the improvement of wage rate in foreign invested enterprises and the change of labor have weaker impact on inflation. Finally this paper proposes some brief countermeasures.